CryptoPunks could violate securities laws- Hester Pierce

CryptoPunks could violate securities laws- Hester Pierce

On the ethereum blockchain, Crypotpunks are among the earliest and consequently valuable NFTs.

Recently, $7 million is the cost of individual punks. The aforementioned means that those that cannot afford the cryptopunks, should hag in the digital pool room.

In a collection o f 50 CryptoPunks, the Unicly CryptoPunks Collection (uPUNK) will offer 250 million fractional shares. Thus far the aforementioned is the largest of punks to  be tokenized

Also, 3.6 million shares at 5 cents each, has been created by eight investors, while in fractionalizing high value NFT collections, there is growing interest. Though, such tokens could violate the securities laws, according to Hester Pierce.

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